NEW YORK (Reuters) - U.S. and European shares, the dollar, oil and bond yields all dived on Friday after data showed the slowest pace of U.S. job growth in more than five years, dashing expectations that the Federal Reserve could raise interest rates in June.

People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/Suzanne Plunkett/File photo

U.S. nonfarm payrolls rose by just 38,000 in May, the smallest gain since September 2010 and far below an expected 164,000. All 105 economists polled by Reuters had expected a higher number.

Wall Street’s top banks unanimously expect the Fed to leave rates unchanged when its policymakers meet this month in the wake of the U.S. jobs report, results of a Reuters poll showed on Friday.

“This monthly report and the revisions to the past few months show that the labor market is not nearly as strong as many believed, so I think it takes June off the table,” said Chris Gaffney, president of EverBank World Markets in St. Louis.

U.S. shares pared losses but still ended lower, while European stocks reversed gains. The dollar hit its lowest in more than three weeks against a basket of major currencies, and benchmark 10-year U.S. Treasury yields US10YT=RR hit 1.697 percent, their lowest in more than eight weeks.

A fall in bank stocks led the dip in U.S. shares, with the S&P 500 financial index .SPSY ending 1.38 percent lower. Europe’s auto sector index .SXAP ended 2.3 percent lower as the euro rallied against the dollar EUR=.

MSCI’s all-country world equity index .MIWD00000PUS was last up 1.38 points, or 0.34 percent, at 403.87.

The Dow Jones industrial average .DJI ended down 31.5 points, or 0.18 percent, at 17,807.06. The S&P 500 .SPX closed down 6.13 points, or 0.29 percent, at 2,099.13. The Nasdaq Composite .IXIC ended down 28.85 points, or 0.58 percent, at 4,942.52.